A large purpose-built modern block of 30 flats and 16 garages situated to the south of Grays town centre and within three/four miles of Lakeside shopping centre and the M25/A13 Dartford river crossing.
Each flat has been sold on a long leasehold, the details of which are contained in the table below. 15 of the flats are sold on the original leases for
99 years, from 24th June 1987, at a ground rental of
£100 per annum.
In addition, there are 16 garages which are each separately let with a total current rental income of £10,848 per annum (garage 13 is currently vacant).
Auctioneers Note
Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation. We are advised that there is a Right to Manage Company in place.